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wayspring.com

Founded Year

2012

Stage

Series D | Alive

Total Raised

$116.3M

Last Raised

$75M | 1 yr ago

About Wayspring

Waysping, fka axialHealthcare, is a pain medication and pain care management company and partners with health insurers nationwide.

Wayspring Headquarter Location

209 Tenth Avenue South Suite 332

Nashville, Tennessee, 37203,

United States

615-412-9425

ESPs containing Wayspring

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare / Healthcare Providers Tech

These companies provide care management and care coordination solutions to assist payers and providers in managing the health of a defined population. Solutions typically encompass transitional care management and chronic care management for patients with complex clinical needs.

Wayspring named as Challenger among 11 other companies, including DispatchHealth, Health Gorilla, and TigerConnect.

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Research containing Wayspring

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Wayspring in 3 CB Insights research briefs, most recently on May 3, 2022.

Expert Collections containing Wayspring

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wayspring is included in 7 Expert Collections, including Conference Exhibitors.

C

Conference Exhibitors

5,501 items

HLTH is a healthcare event bringing together startups and large companies from pharma, health insurance, business intelligence, and more to discuss the shifting landscape of healthcare

P

Pharma Supply Chain

1,258 items

V

Value-Based Care & Population Health

1,052 items

The VBC & Population Health collection includes companies that enable and deliver care models that address the health needs for defining populations along the continuum of care, including in the community setting, through participation, engagement, and targeted interventions.

D

Digital Health 150

150 items

The winners of the second annual CB Insights Digital Health 150.

D

Digital Health

13,084 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

T

Telehealth

2,839 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

Latest Wayspring News

13:23 EDT Wayspring and Highmark Health Options working together to better support people with substance use disorder

Jul 14, 2022

News provided by Share this article Share this article Nashville, Tenn., July 14, 2022 /PRNewswire/ -- Wayspring, a value-based healthcare organization that provides medical, behavioral health, and social support services to people with complex needs, has announced the launch of its SUD Home program serving eligible Highmark Health Options members throughout the state of Delaware. Wayspring's SUD Home program is a collaboration between Highmark Health Options and Nashville-based Wayspring. The program leverages Wayspring's proprietary analytics platform and local teams of medical providers, clinical social workers and peer recovery specialists to support the complex medical, behavioral and social needs of more than 10,000 adult members who have a substance use disorder (SUD) diagnosis. Wayspring's SUD Home program utilizes a comprehensive and longitudinal approach to reduce common barriers that people often experience when seeking treatment for substance use disorder. It has established an integrated health care clinic where participating members can receive quick and easy access to primary care and behavioral health services delivered in-person and via telehealth by licensed Wayspring providers. The program also works with members to create individualized care plans based on their unique needs, provides clinical and peer support services during high-risk care transitions, and facilitates connection to community and social supports like housing, transportation, and employment that are essential to reaching and sustaining long-term recovery. "For decades, our society has been treating substance use disorder as an acute condition, with episodic treatments often delivered in a complex and fragmented care system," said Carter Paine, chief executive officer at Wayspring. "Through our work with Highmark Health Options and treatment provider partners, Wayspring is seeking to change what traditional addiction treatment looks like by implementing a data-driven solution that is collaborative, long-term, and inclusive of all the unique medical, behavioral, and social health needs a member might have." The launch of Wayspring's SUD Home program comes as the ongoing COVID-19 pandemic continues to exacerbate the growing substance use epidemic. In Delaware, 447 people died from a drug overdose in 2020, the third highest per-capita overdose death rate in the country according to the CDC. Additionally, 6.6% of adults aged 18 and over have reported having an alcohol use disorder and 3.3% have reported an illicit drug user disorder; Both are higher than the national average. "The prevalence of substance use disorder continues to rise both nationally and in communities across the state of Delaware," said Dr. Glenn  Hamilton, chief medical officer at Highmark Health Options. "We know innovative solutions are required to adequately address this challenging situation, and that's why we are enthusiastic about our work with Wayspring. Because their model is inclusive of all the health and social needs our members with substance use disorder may have, we believe it will result in considerable improvements to the overall health of individuals served through the program, but also the health of our communities as a whole." With this launch, Wayspring now provides population-based SUD management services to seven health plan partners across five states. For more information about Wayspring or to verify program eligibility, please visit wayspring.com . About Wayspring Wayspring is a value-based healthcare organization that provides medical, behavioral health, and social support services to people with complex needs. With a focus on people living with substance use disorder, Wayspring utilizes a comprehensive and longitudinal model that incorporates targeted member outreach, strategic provider partnerships, community-based peer support, and delivery of clinical services. Through this unique approach, Wayspring produces increased adherence to evidence-based medicine, decreased healthcare waste, and improved health outcomes. For more information, please visit  wayspring.com . About Highmark Health Options Highmark Health Options is a managed care organization serving people who qualify for Medicaid. We help each of our more than 154,000 members get the care and services they need to live healthier and more independent lives, and we collaborate with providers and regulators to improve health outcomes, simplify the health care experience, and ensure affordability. Medicaid covers 1 in 5 Americans as a state-run health insurance program. Highmark Health Options members include individuals and families with low income or complex needs, expecting mothers, children, and people with disabilities. Members pay nothing or very little for their health coverage. Visit HighmarkHealthOptions.com for more information. SOURCE Wayspring

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  • When was Wayspring founded?

    Wayspring was founded in 2012.

  • Where is Wayspring's headquarters?

    Wayspring's headquarters is located at 209 Tenth Avenue South, Nashville.

  • What is Wayspring's latest funding round?

    Wayspring's latest funding round is Series D.

  • How much did Wayspring raise?

    Wayspring raised a total of $116.3M.

  • Who are the investors of Wayspring?

    Investors of Wayspring include The Blue Venture Fund, .406 Ventures, Oak HC/FT Partners, CareSource, HLM Venture Partners and 7 more.

  • Who are Wayspring's competitors?

    Competitors of Wayspring include Canvas Medical, Cureatr, SentryHealth, TimeDoc Health, Health Gorilla, Prehos, Memora Health, TigerConnect, Iris Healthcare, Wellnecity Group and 38 more.

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